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9676 Ashlynn Peak Court Las Vegas, NV 89149

3 Beds 4 Baths 2,508 sqft Built 2017

$499,888

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $199.32
  • 6 Days on Market
  • MLS # : 2270392
  • Updated Date : 02/16/2021 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,508 sqft
  • Baths : 3 full , 1 half
Listing Agent

Signature Real Estate Group

Listing Agent's Description

Like snow in Las Vegas, a beauty like this comes up maybe once every four years! Huge single-story at the end of a cul de sac with upgraded wood flooring, custom built-ins around the gorgeous stone fireplace from floor to ceiling. Granite kitchen island so big and lovely I call it Fiji, with a farm sink. Every bedroom has its own walk-in closet! Oversized dining room and oversized den/loft could easily double as what they were intended for, or an extra living/family room, or a(nother) play room for the kids. Custom bar! Covered patio area outside with astroturf and plenty of space to run! Hurry because you know as well as I do this beauty won't last long! WELCOME HOME!

SEE MORE

MARKET HIGHLIGHTS

  • A $7.5 billion mixed-use 6-year project known as Bleutech Park Las Vegas is starting in December 2019. The project will incorporate environmental and technological features such as water purification, on-site waste treatment and localized air cleaning. Described as an “insular mini-city,” the plan calls for use of autonomous vehicles, AI, augmented reality, robotics and other advanced technologies. (reBusinessOnline - France Media, 2019)
  • Las Vegas metro's major employers include: MGM Resorts International, Caesars Entertainment Corporation, Stations Casinos, LLC., Wynn Resorts, Boyd Gaming Corporation, Las Vegas Sands Corporation, Walmart Stores, Cosmopolitan of Las Vegas, The Valley Health System and Supervalu (Las Vegas Sun, 2019)
  • Las Vegas metro's economy was worth $124.9 billion in Gross Metro Product in 2018 and projected to grow to $133.2 billion in 2019 (USMayors.org, 2018)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
  • Las Vegas metro has 61.2% labor force participation rate (USMayors.org, 2018)
  • Las Vegas metro's employment growth was at 2.6% in 2018 and predicted to grow at the rate of 1.7% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Kenneth Divich Elementary Primary Unknown NA
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Centennial High School High Regular 3,055 124 6

Kenneth Divich Elementary

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$449,899$549,877$499,888

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,736
Property Tax -$389
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
-$330

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$499,888

PROJECTED PRICE

$1,990

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,220

INVESTMENT

$138,220

Down Payment
$124,972
Rehab Estimate
$5,750
Closing Costs
$7,498

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,736

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,972
Loan Amount $374,916
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,570

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,990

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,025

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,9003$1,9504$1,9905$2,050
$2,050
RENT COMPS ANALYSIS
  • 9676 Ashlynn Peak Court Las Vegas, NV 4
    • 3 beds 4 baths ∙ 2,508 Sqft ∙ Built 2017 3 beds 4 baths ∙ 2,508 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.79
    •  
  • 9329 Dorrell Lane Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2004
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.76
    •  
  • 9329 Thunder Falls Court Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,383 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,383 Sqft ∙ Built 2004
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.80
    •  
  • 6777 Pleasant Flower Street Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,321 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,321 Sqft ∙ Built 2016
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.84
    •  
  • 6733 Bristle Falls Street Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 2015
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.83
    •  
PROPERTY LISTING DETAILS
Robert Gluskin
1.702.335.4032
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2270392
Last Updated: 02/16/2021
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